Audit committee guide to impairment

The impairment of assets is of vital importance in financial reporting, yet the concept is not always easily understood. With this in mind, as well as given the continued regulatory focus on this area, we have released a guide with an overview of the key concepts of impairment and how it is measured and tested.

Produced in conjunction with Leadenhall, it includes a series of questions directors should ask in relation to the methodology used, projected cash flows and disclosures.